146
Cash flow statement IN THOUSANDS OF EURO
FY 2014
FY 2013
Cash and cash equivalents at beginning of year
2,345
1,601
Net profit for period
7,878
3,730
• Depreciation and amortisation
9,043
9,864
• Realised gains (losses)
(148)
(51)
• Write-downs (write-backs) of non-current assets
(618)
1,708
• Net financial income and expenses
382
604
2,655
1,987
Change in post-employment benefit reserve
110
(131)
Change in risk provisions
96
20
Change in trade receivables
(3,095)
3,763
Change in inventories
(1,202)
(3,095)
663
(170)
(3,634)
498
Adjustments for:
• Income tax
Change in trade payables Change in net working capital
409
734
(1,702)
(1,318)
Payment of financial expenses
(431)
(627)
Collection of financial income
84
83
14,124
17,101
(687)
(583)
Change in other receivables and payables, deferred tax Payment of taxes
Cash flow from operations Investments in non-current assets • intangible • tangible
(7,952)
(6,432)
• financial
(1,150)
(3,436)
760
1,234
Cash flow absorbed by investments
(9,030)
(9,217)
Repayment of loans
(4,503)
(12,521)
Raising of loans
14,784
6,144
(208)
64
Disposal of non-current assets
Change in financial assets
0
3,084
Payment of dividends
(16,146)
(3,911)
Cash flow absorbed by financing activities
(6,073)
(7,140)
(979)
744
Sale of treasury shares
Total financial flows Cash and cash equivalents at end of year (Note 10)
1,366
2,345
Current financial debt
18,438
15,497
Non-current financial debt
7,340
0
Net financial debt (Note 21)
24,412
13,152